USDCAD could trend upwards later today. Based on these past United States Continuing Jobless Claims news events there is a 80% chance of this. This could happen only if the released value is > 1310K. The price movement may be as big as 259 pips.
Historical events that allowed us to draw this conclusion
16 Jun 12:30 |
09 Jun 12:30 |
28 Apr 12:30 |
07 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
